Your stop on $ZK at a random five percent loss is why you keep getting wicked out
Most traders drop stops based on gut feelings instead of reading what the chart is doing right now
Take $ZK trading down here at $0.01496 after sliding 7.9 percent over the past day
The hourly ATR is sitting at 1.9 percent meaning normal noise swings that much every single hour
If you put your stop closer than that 1.9 percent noise floor you are just paying a fee to the market maker
The 24 hour swing low sits right at $0.01479 which is the exact floor holding this current range together
A real invalidation point belongs just under that actual swing low not at some arbitrary percentage in your head
Put your stop below the level that proves your idea is dead not where it hurts your feelings
Where do you normally set yours
#ZK #TradingTips
Most traders drop stops based on gut feelings instead of reading what the chart is doing right now
Take $ZK trading down here at $0.01496 after sliding 7.9 percent over the past day
The hourly ATR is sitting at 1.9 percent meaning normal noise swings that much every single hour
If you put your stop closer than that 1.9 percent noise floor you are just paying a fee to the market maker
The 24 hour swing low sits right at $0.01479 which is the exact floor holding this current range together
A real invalidation point belongs just under that actual swing low not at some arbitrary percentage in your head
Put your stop below the level that proves your idea is dead not where it hurts your feelings
Where do you normally set yours
#ZK #TradingTips